Fiera Capital (TSE:FSZ) Given New C$10.00 Price Target at Scotiabank

Fiera Capital (TSE:FSZ) had its price target decreased by equities research analysts at Scotiabank from C$10.50 to C$10.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 25.16% from the stock’s current price.

Several other equities analysts have also commented on FSZ. Desjardins raised their target price on shares of Fiera Capital from C$7.75 to C$9.00 and gave the company a “hold” rating in a report on Thursday, October 24th. National Bankshares lifted their price objective on shares of Fiera Capital from C$8.00 to C$8.50 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. CIBC upped their target price on Fiera Capital from C$9.50 to C$11.00 in a research note on Friday, November 8th. TD Securities lifted their price target on Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets upped their price objective on Fiera Capital from C$8.50 to C$9.00 in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, Fiera Capital has a consensus rating of “Hold” and an average price target of C$9.21.

Fiera Capital Price Performance

Shares of FSZ stock traded up C$0.15 during trading on Thursday, hitting C$7.99. The company had a trading volume of 36,278 shares, compared to its average volume of 176,058. The firm has a market capitalization of C$701.12 million, a P/E ratio of 14.80, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. Fiera Capital has a one year low of C$6.58 and a one year high of C$10.92. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39. The stock’s 50-day moving average price is C$9.04 and its 200 day moving average price is C$8.65.

Fiera Capital (TSE:FSZ) last released its earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.06. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. The firm had revenue of C$171.71 million during the quarter, compared to the consensus estimate of C$163.10 million. Equities analysts expect that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$8.89, for a total transaction of C$93,028.60. Insiders own 0.86% of the company’s stock.

Fiera Capital Company Profile

Fiera Capital Corporation is an employee owned investment manager. The firm primarily provides its services to institutional investors, mutual funds, charitable organizations, and private clients. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity, fixed income, and balanced mutual funds and income trusts for its clients.